MoneyWeek Quiz: Potential Cut to Cash ISA Limit
Rumors of a cut to the cash ISA allowance have resurfaced as the Autumn Budget approaches.
Treasury insiders suggest that Chancellor Rachel Reeves is considering cutting the cash ISA limit to encourage Brits to invest in the stock market.
- Supporters of the potential reform argue that savers can get better returns by investing in stocks and shares.
- Others claim that a cut to the cash ISA limit will undermine the savings product and potentially make mortgages more expensive.
A cut to the cash ISA limit may encourage investment in the stock market, but could also have unintended consequences.
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Author's summary: Chancellor Rachel Reeves may cut cash ISA limit.